Orthopedic Surgical Robot Market

Orthopedic Surgical Robot Market Outlook (2024 to 2034)

As per a new study released by Fact.MR, the global orthopedic surgical robot market is poised to reach a size of US$ 2.35 billion in 2024 and thereafter increase at a CAGR of 13.5% to climb to a value of US$ 8.34 billion by the end of 2034.

The number of surgeries performed annually across the world is increasing steadily, leading surgeons to handle more complex and time-consuming procedures. Consequently, many surgeons are now turning to orthopedic surgical robots for assistance, making these intricate surgeries easier and less time-consuming. As surgeries become more complex, the market for orthopedic surgical robots is expected to grow. These robots assist surgeons in planning and guiding surgeries, improving the precise removal of damaged tissues and the implantation of prosthetic joints. Their use reduces operative time and minimizes damage to healthy surrounding tissues, facilitating faster and improved recovery.

Convergence of biology and engineering in orthopedic robotics is proving to be lucrative, particularly in arthroplasty surgery. Robotic support enhances the precision and accuracy of bone preparation, limb realignment, and restoration of joint kinematics. The increasing need for knee or joint replacements is contributing to orthopedic surgical robot market growth.

Key Market Growth Drivers

• Increasing prevalence of fractures is driving demand for robotic arms. These arms can generate 3D visualizations of broken bone pieces, enabling surgeons to precisely attach the 3D parts in injured areas to facilitate patient healing.
• More individuals are experiencing pain and deformities in their spinal cord. Robotic arms often expedite the recovery process for these patients, aiding them in regaining mobility and achieving spinal health.
• Prevalence of osteoarthritis is on the rise, leading to a growing demand for knee replacement surgery to alleviate arthritic pain. Individuals suffering from arthritis often face challenges with walking and climbing stairs; however, surgeries can restore their mobility and fitness.
• Success rates of surgeries have increased significantly with the use of robotic arms, which excel in executing repetitive tasks and alleviate surgeons' stress during prolonged, complex procedures. The rising success rates instill confidence in surgeries performed with the assistance of orthopedic surgical robots.
• Enhanced visualization and reduced rates of revision surgeries are prompting hospitals to invest in robotic arms, thereby upgrading their technology and attracting a diverse range of patients seeking improved recovery outcomes.

Report Attribute	Detail
Orthopedic Surgical Robot Market Size (2024E)	US$ 2.35 Billion
Forecasted Market Value (2034F)	US$ 8.34 Billion
Global Market Growth Rate (2024 to 2034)	13.5% CAGR
Canada Market Growth Rate (2024 to 2034)	10.9% CAGR
China Market Value (2034F)	US$ 361 Million
North America Market Share (2024E)	52.7%
East Asia Market Share (2034F)	16.9%
Key Companies Profiled	Medrobotics Corporation; Medtronic; Renishaw Plc; Smith and Nephew; Stryker Corporation; THINK Surgical Inc.; Transenterix; Zimmer Biomet; Accuracy Incorporated; Globus Medical; Auris Health Inc.; Johnson & Johnson Services Inc.; Nordson Corporation; OMNLife Science Inc.; Intuitive Surgical; Wright Medical Group N.V.

Which Factors are Contributing to Expansion of the Orthopedic Surgical Robot Market Size?

“Higher Susceptibility of Women to Osteoarthritis Compared to Men”

Although osteoporosis affects both men and women, women are more likely to develop it than men. Hip fractures and knee replacements are used to treat osteoporosis, and it is critical to analyze elderly patients' prior physical health conditions, such as reduced bone mass and bone fragility. As osteoporosis becomes more common, so does the surgical approach to treating it.

The reamer-irrigator aspirator is a type of handpiece used by orthopedic surgeons. Osteoporosis is a chronic disease that weakens the bones. Individuals with osteoporosis are more likely to experience sudden and unexpected bone fractures.

• According to World Health Organization (WHO) data, approximately 200 million people were estimated to develop osteoporosis in 2021.

As the global prevalence of osteoporosis rises, so does the demand for early diagnosis of the disease, which in turn raises the need for care, services, and technologies to treat chronic conditions in old age.

“Increasing Prevalence of Osteoporosis among Elderly Population”

The elderly population is increasing, along with the incidence of orthopedic conditions such as osteoporosis. With the increasing prevalence of orthopedic disorders, the number of surgeries performed is on the rise. As surgeries become more common, the demand for orthopedic surgeons will also increase, driving the utilization of orthopedic surgical robots. This, in turn, is projected to stimulate the production and distribution of these surgical robots.

Integration of surgical robots is already revolutionizing the healthcare sector. The proliferation of outpatient centers is projected to drive down prices of medical technology devices as they handle a growing number of surgical procedures. This is leading to shifts in reimbursement models for payers and providers, which is one of the key orthopedic surgical robot market trends.

Why are Manufacturers Unable to Boost Their Business Profits beyond a Certain Extent?

“Risks Associated with Robotic Surgical Interventions and Lack of Awareness”

Orthopedic surgical energy devices have solidified their position as a cornerstone in the non-invasive device market. However, the absence of orthopedic surgeries remains common in developing countries, leading to delays in the diagnosis and treatment of orthopedic diseases, and potentially threatening the market position of surgical robots. Lack of awareness and self-efficacy also pose significant barriers to implementation.

Orthopedic surgeons utilize surgical procedures to address various conditions, including blood vessel management, tissue incision, and hemorrhage control. These devices must be utilized alongside the surgeon's instruments. While they do not provide diagnostic capabilities, they facilitate the administration of medications for more effective treatment. There are inherent risks associated with surgeries.

Diverse array of risks and potential health complications associated with orthopedic surgery, coupled with the necessity for additional surgical interventions to address some complications, are anticipated to dampen market demand. Consequently, the health risks linked to orthopedic surgeries are projected to constrain the global market.

Country-wise Analysis

The market in China is forecasted to expand at a CAGR of 14.4% from 2024 to 2034. The country is analyzed to occupy an orthopedic surgical robot market share of 25.6% in the East Asia region by 2034.

How is the United States Able to Attract Many Orthopedic Surgical Robot Manufacturers?

“Increasing Government Expenditure on Enhancement of Healthcare Infrastructure”

Attribute	United States
Market Value (2024E)	US$ 1.16 Billion
Growth Rate (2024 to 2034)	13.3% CAGR
Projected Value (2034F)	US$ 4.03 Billion

Wide range of economic and social factors influence a country's healthcare spending and growth rate over time, including financing arrangements and the structure of the healthcare organization. In particular, there is a strong relationship between a country's overall income level and how much its population spends on healthcare.

Expenditure on healthcare infrastructure development is constantly heavy in developed nations such as the United States. The greater the investment in healthcare, the healthier a country's population tends to be. Moreover, in response to the population’s needs, governments and healthcare organizations across different regions are proactively boosting healthcare expenditure. Consequently, elevated healthcare spending empowers healthcare organizations and governmental entities to enhance healthcare management services in diverse capacities.

How is Japan Enhancing Its Reputation in the Surgical Robot Market?

“Rising Prevalence of Knee Osteoarthritis among Elderly Driving Extensive Use of Surgical Robots”

Attribute	Japan
Market Value (2024E)	US$ 199 Million
Growth Rate (2024 to 2034)	16.3% CAGR
Projected Value (2034F)	US$ 902 Million

Knee disorders are common among the elderly worldwide. Adults over the age of 60, particularly those in long-term care facilities, are more likely to experience chronic knee symptoms. As Japan's population ages, the burden of knee disorders in the geriatric population may rise, paving the way for the development of medications and implants in diagnostic and prevention strategies critical to addressing knee disorders in older adults.

High prevalence of chronic disorders among the elderly in Japan is also driving the need for surgical robots to treat associated orthopedic conditions. As people get older, they are more likely to develop knee problems and other risk factors. Knee osteoarthritis may be hereditary in some people, but it can also be caused by an injury, an infection, or even being overweight. Surgical robots were designed to meet the needs of geriatric patients, including physical and medical care.

Category-wise Insights

Among all end users, the ambulatory surgical center segment is evaluated to expand at a remarkable CAGR of 13.6% from 2024 to 2034.

Why are Orthopedic Surgical Robots Used Extensively in Hospitals?

“Orthopedic Surgical Robots Enhancing Surgical Precision”

Attribute	Hospitals
Segment Value (2024E)	US$ 1.46 Billion
Growth Rate (2024 to 2034)	13.3% CAGR
Projected Value (2034F)	US$ 5.09 Billion

Hospitals generally have a huge team of surgeons who work together on several surgeries. Thus, it becomes vital for hospital staff to arrange orthopedic surgical robots, as they make it easier for doctors to perform a greater number of surgeries. Increased surgical efficiency enables hospitals to accommodate more patients, improving access to care.

Which Application Accounts for High Use of Surgical Robots?

“Extensive Use of Orthopedic Surgical Robots for Total Knee Replacement”

Attribute	Total Knee Replacement
Segment Value (2024E)	US$ 1.09 billion
Growth Rate (2024 to 2034)	13.6% CAGR
Projected Value (2034F)	US$ 3.9 Billion

Rise in the number of surgeries for total knee replacement is a significant driving factor for the increasing sales of orthopedic surgical robots. The preference for total knee replacement over partial knee replacement is driving demand for orthopedic surgical robots for enhanced efficiency and improved patient outcomes.

Business Rivalry

Key players in the orthopedic surgical robot market are highly competitive, with a few major players dominating the market. To maintain market competition and expand their product offerings, major market players are implementing a variety of growth strategies that include ongoing innovations and technological advancements. They are adapting themselves to the evolving market trends such as the use of X-ray-based robots and radiosurgery robots.

• In February 2022, Stryker completed the acquisition of Vocera Communications. This acquisition opens up significant opportunities to advance innovations and accelerate our digital ambitions. Vocera brings a highly complementary and innovative portfolio to Stryker's Medical division, enhancing the company's Advanced Digital Healthcare offerings and furthering Stryker's focus on preventing adverse events across the continuum of care.

Fact.MR provides detailed information about the price points of key orthopedic surgical robot manufacturers globally, sales growth, production capacity, and speculative technological expansion in this new market report.

Key Segments of Orthopedic Surgical Robot Market Research

• By Product Type :

  • Systems
  • Disposables

• By Application :

  • Partial Knee Replacement
  • Total Knee Replacement
  • MIS Fusion
  • Other Indications

• By End User :

  • Hospitals
  • Ambulatory Surgical
  • Specialty Clinics

• By Region :

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa